Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit...
Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit and to reduce debt before paying a long-awaited inaugural dividend (reports The Australian Financial Review).
The Saracen board opted not to pay a half-year dividend in the wake of forking out $US750 million ($1.115 billion) for a half share in the Superpit gold operations.
Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth...
Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth (reports MiningNews).
The company posted a half-year net profit after tax of A$34.2 million, down from $49.6 million for the same period of 2018.
The result included an additional amortisation expense of $34.2 million following the acquisition and development of the Monty mine.
Cashflow from operating activities was $109.1 million, up from $97.5 million, or $140.3 million before exploration and evaluation expenses.
Orion Minerals is busy prepping the Prieska project so when funding is eventually secured it can bring the historical copper-zinc mine in South Africa back into production ...
Orion Minerals is busy prepping the Prieska project so when funding is eventually secured it can bring the historical copper-zinc mine in South Africa back into production as quickly as possible (reports Mining Journal).
Copper is trading at an historically low premium to the C1 production cost, says New York investment bank Jefferies, and as the impact of the coronavirus subsides, it does not believe a recovery in demand will be met by a corresponding increase in supply (reports MiningNews).
"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.
Spectacular lithium hits at Liontown Resources’ Kathleen Valley deposit of up to 5.7%, including a growing zone regularly grading better than 3%, provides further support for a proposed underground and open pit lithium mine (reports MiningNews).
The latest hits from the RC program include 43m at 3.1% from 253m, with 21m at 3.8% and 1m at 5.7%; and 16m at 2.6% from 308m, including 13m at 3.1% - all outside the resource envelope.
Barry FitzGerald chats with Neil Marston, managing director of Bryah Resources (reports Stockhead)
Bryah is a Perth-based mineral exploration company with a focus on exploration for high-grade copper-gold and manganese resources.
The company is actively exploring the Bryah Basin and Gabanintha projects located in central Western Australia.
Bryah has had a solid start to 2020, with the stock rising close to 20 per cent from 4c to 4.7c.
Copper explorer Stavely Minerals has been named as the winner of this year’s Craig Oliver Award at the RIU Explorers Conference in Fremantle (reports MiningNews).
Stavely beat out other nominees Image Resources, Alkane Resources, Bellevue Gold and Gold Road Resources.
The award, sponsored by Canaccord Genuity, Western Areas and David Flanagan, is handed out every year to a small to mid-cap Australian resources company that has excelled in all areas.
Northern Star Resources has rewarded shareholders with a 7.5¢ fully franked interim dividend up 25 per cent on the 5¢ it paid last year...
Northern Star Resources has rewarded shareholders with a 7.5¢ fully franked interim dividend up 25 per cent on the 5¢ it paid last year (reports The West Australian).
The juicier payout came on the back of a 54 per cent jump in net profit after tax in the first half to $126.8 million.